private credit

JPMorgan CEO Jamie Dimon cautioned that periods of calm in credit markets often mask the buildup of risk, warning that performance typically deteriorates more than expected once the credit cycle turns. "I do think when we have a credit cycle because there have been weakening standards in...

Apollo Global Management (NYSE:APO) expects its wealthy clients to seek cash back from private credit products after months of net outflows.  Jim Zelter, a president at the firm, told attendees at Bernstein's Strategic Decisions Conference in New York that withdrawals earlier in the year exceeded...

KKR & Co. (NYSE:KKR) and Capital Group have launched a new public-private fund called Capital Group KKR Global Multi-Sector+ (GMS+), which will provide high-net-worth European and Asian investors with access to private credit assets. • KKR stock is trading at depressed levels. Where are...

A Switzerland-based pension fund sought to redeem all of its shares of a Vista Equity Partners private credit fund, pushing the firm to cap redemptions at 5% during the first quarter. The name of the pension fund could not be identified, Bloomberg reported. However, Switzerland has one of the...

Jeffrey Gundlach cast doubt on the private credit industry's latest trading activity this week, questioning whether managers dumping "troubled assets" are really uncovering bargains — or simply reshuffling risk. Responding to a Bloomberg story, the DoubleLine Capital CEO questioned how private...

Varde Partners is looking to launch its first Asia fund focused exclusively on private credit, and has plans to raise $1 billion for the fund. The vehicle will deploy capital across Asia, with a focus on India, Australia and Southeast Asia, sources told Bloomberg. The firm, which specializes in...

Blue Owl Capital (NYSE:OWL) has once again returned to the bond market with a second $400 million offering, nearly one month after completing its first debt sale. The firm is selling five-year notes with "an initial price guidance of approximately 260 basis points over Treasuries," Bloomberg...

The Manhattan U.S. Attorney's Office has requested information, and executives have been questioned in an investigation regarding BlackRock's (NYSE:BLK) private credit fund. Federal prosecutors are looking into TCP Capital Corp (NASDAQ:TCPC), BlackRock's publicly traded business development...

PGIM, Prudential Financial's (NYSE:PRU) $1.4 trillion investment arm, is breaking new ground for retirement plans. The firm rolled out its first private credit collective investment trust (CIT) for defined contribution retirement plans. The fund will be used within professionally managed retirement...

HSBC Holdings Plc (NYSE:HSBC) has not yet deployed its nearly $4 billion in dry powder from its asset managers’ private credit funds. Last year, the bank announced that it would be looking to expand in the private credit space, with a goal of competing with major firms such as Blackstone and...

Publicly registered non-listed business development companies (BDCs) saw a sharp decline in fundraising in Q1, with quarterly redemptions exceeding fundraising for the first time. Q1 gross sales totaled $4.9 billion, down 46% from Q4 2025 and 59% from Q1 2025, according to a report from Robert A....

David Woodcock, director of the Division of Enforcement at the U.S. Securities and Exchange Commission, flagged private funds as an area the agency is watching closely amid turmoil in the private credit space. The $3.5 trillion private credit market is facing increasing scrutiny amid rising...

Goldman Sachs (NYSE:GS) co-head of private credit Vivek Bantwal believes that it’s important to “separate anecdotes from the data,” noting that a handful of stressed situations across bank lending, public credit, and private credit have received outsized attention in recent months...

KKR & Co. (NYSE:KKR) is committing $300 million of its own capital to a private credit fund it co-manages with Future Standard, as the strategy faces pressure from rising loan defaults that contributed to a $560 million loss in the first quarter.  KKR Alternative Assets will buy up to $150...

Apollo Global Management (NYSE:APO) executives are in discussions for a potential sale of its $3 billion MidCap Financial Investment (MFIC) fund.  MFIC is a publicly listed business development company (BDC) focused on private credit. Apollo purchased MidCap in 2013 to boost its direct lending...